Tuesday, Northgate Minerals Corp. (NXG) said its third-quarter net loss narrowed to US$8.6 million or US$0.03 per share from US$29.4 million or US$0.12 per share in the prior year period.
Adjusted net earnings for the quarter were US$7.7 million or US$0.03 per share compared with a net loss of US$28.4 million or US$0.11 per share in the same period last year. On average, 6 analysts polled by Thomson Reuters expected the company to report earnings of $0.04 per share for the quarter.
Revenue for the quarter increased to US$120.16 million from US$99.26 million in the comparable period.
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